Welcome to the CFPB Journal, your online publication for information about the Consumer Financial Protection Bureau.

If you work in financial services, you need CFPB Journal. Our team of seasoned reporters and editors brings you original coverage of the Bureau you won’t find anywhere else. Created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Federal Reserve-housed Bureau has unprecedented authority, jurisdiction and power. Follow CFPB developments, learn how others are complying with CFPB rules, and monitor general public reaction to the Bureau by checking in often with the CFPB Journal.

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Spotlight

CFPB seeks input on mortgage rule set to lapse

Last week, the Consumer Financial Protection Bureau issued an advanced notice of proposed rulemaking relating to the impending expiration of a mortgage rule that affects two large American guarantors.

News

ITT settles CFPB suit

The Consumer Financial Protection Bureau has settled its suit against ITT Educational Services, Inc. The suit alleged that ITT engaged in unfair and abusive practices in connection with its private loan program in violation of the Consumer Financial Protection Act of 2010.

CFPB settles with N.Y. debt collection group

The Consumer Financial Protection Bureau filed proposed settlements with debt collectors Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, LLC, Delray Capital, LLC, and Mark Gray, all based in Buffalo, N.Y.

CFPB issues report on elder abuse

Earlier this month, the Consumer Financial Protection Bureau issued an advisory to banks and lending institutions regarding the reporting of financial exploitation of older consumers.